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Archived News
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Sunday August 22nd, 2010
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The State's 'Inception' Fails
posted 08/22/2010, 12:12 AM (Llewellyn H. Rockwell, Jr.)
[Category: Commentary]
Two years ago, the economy was seriously dragged down amidst an amazing banking crisis that spread throughout the world. The illusion created by loose credit – that housing could go up in price forever and we could enjoy permanent prosperity due to monetary expansion – was shattered by events. Reality had dawned. We found ourselves in the midst of an economic depression.
At that point in policy, we were at a fork in the road. The wise direction was to let the depression happen. Let the bad investments wash out of the system. Let housing prices fall. Let banks go broke. Let wages fall and permit the market to reallocate all resources from bubble projects to projects that make economic sense. That was the direction chosen by the Reagan administration in 1981, and by the Harding administration in 1921. The result in both cases was a short downturn followed by recovery.
The Bush administration, in a policy later followed by the Obama administration, instead attempted a tactic of dream incubation as portrayed in the recent film Inception. The idea was to inject artificial stimulus into the macroeconomic environment. There were random spending programs, massive buyouts of bad debt using phony money, gargantuan tax tricks, incentive programs for throwing good money after bad, and hiring strategies to weave illusions about how all is well.
In the movie, the goal of the dream incubation was to implant an idea into an unsuspecting subject’s head that would cause him to act differently than he otherwise would have. In the real life version of inception, the state tried to implant in all our heads the idea that there was no depression, no economic collapse, no housing crisis, no push back on real estate prices, and really no serious problem at all that the state cannot fix provided we are obedie... (more) |
Philadelphia Demands $300 From Bloggers for "License"
posted 08/22/2010, 12:12 AM (CityPaper.net)
[Category: Tyranny/Police State]
For the past three years, Marilyn Bess has operated MS Philly Organic, a small, low-traffic blog that features occasional posts about green living, out of her Manayunk home. Between her blog and infrequent contributions to ehow.com, over the last few years she says she's made about $50. To Bess, her website is a hobby. To the city of Philadelphia, it's a potential moneymaker, and the city wants its cut.
In May, the city sent Bess a letter demanding that she pay $300, the price of ... (more) |
Economics in One Speech
posted 08/22/2010, 12:12 AM (David Kramer)
[Category: Economy]
Now that few people read anymore (due to more pressing activities such as watching American Idol and having to work longer hours to earn enough money to keep up with the “Federal” Reserve-created inflation), it’s getting harder and harder to convince people to take the few hours needed to read Henry Hazlitt’s Econom... (more) |
52% Concerned About Safety of Vaccines
posted 08/22/2010, 12:10 AM (Rasmussen Reports)
[Category: Brave New World]
Vaccinations are common requirements for children all over the country in order to attend public school and college. However, half of American adults (52%) say they are concerned about the safety of vaccinations for children, including 27% who are Very Concerned.
A new Rasmussen Reports telephone survey finds that 44% are not concerned about the safety of vaccines for children. But this includes just 13% whoa re Not At All Concerned.
Nearly one-out-of-three adults w... (more)Vaccines are not a requirement to attend public school, every school has a waiver form, you just have to be stern about asking for it because they're instructed to lie about it. Here is some info on it. |
Did government measles vaccine kill 4 children?
posted 08/22/2010, 12:10 AM (NDTV)
[Category: Brave New World]
Lucknow: Minutes after they were given the measles vaccine, four infants - Kumari, Sanya, Rekha and Sahil fell acutely ill. They became breathless, began to sweat and their pulse fell rapidly - all symptoms of anaphylactic shock or a serious allergic reaction to the vaccine, and before they could get medical help at the local hospital, all four had died.
"These ANM's had injected them with the measles vaccine, then some minutes later they became unconscious," said Rani, parent of... (more) |
Pastor Files Civil Suit Against Border Patrol Over Tasering
posted 08/22/2010, 12:10 AM (My Fox Phoenix)
[Category: Resistance]
YUMA, Ariz. - Pastor Steven Anderson was beaten and Tased at a Border Patrol checkpoint last year, and has since been cleared of all charges by a jury.
But now he's filing suit against the officers who Tased him.
The lawsuit was filed a few days before the jury cleared Pastor Anderson of any wrongdoing. Anderson says the jury's decision will only help his civil lawsuit.
... (more) |
Officer indicted for assault the focus of other investigations
posted 08/22/2010, 12:09 AM (TBD.com)
[Category: Tyranny/Police State]
A Montgomery County police officer is facing big legal problems after he's accused of assaulting a teenager. But this accusation isn't his first brush with the law.
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He held down a woman who was seven months pregnant in 2004 after he says she was talking loudly and swearing on a cell phone. The woman faced charges but they were later dropped. The incident led to Metro police officers receiving sensitivity training. |
Argentina orders Internet provider shut down
posted 08/22/2010, 12:09 AM (Associated Press)
[Category: Politics/Corruption]
The order says Grupo Clarin—which has grown through mergers to become one of Latin America's leading media companies—illegally absorbed the Fibertel company through its Cablevision subsidiary in January 2009 because it failed to obtain prior approval from the commerce secretary.
[...]
While the government says there are more than 200 providers in Argentina, most have tiny market shares. Removing Fibertel would enable Telecom's Arnet and Telefonica's Speedy to reach nearly 90 perce... (more) |
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